Goldman Sachs: The Fed's interest rate cut at the upcoming December meeting has basically become a foregone conclusion.

On November 30, according to reports from Wall Street, analysts from Goldman Sachs' Fixed Income, Forex and Commodities (FICC) division believe that the Fed's interest rate cut has basically become a done deal in the upcoming December meeting. Analysts pointed out that, based on the weak trend in the labor market and the demand for Risk Management, an interest rate cut at this time is the correct policy choice, and market pricing has fully reflected this expectation. Last Friday's comments from Williams were enough to indicate that there is sufficient support within the Federal Open Market Committee (FOMC) to push for an interest rate cut. As a result, market pricing has risen back to 21 basis points. With the Fed officially entering a quiet period, the probability of an interest rate cut reflected in market pricing has reached as high as 85%.